Matter Labs, the company incubating the ZkSync Ethereum Layer 2 network, has dropped all attempts to trademark the term "ZK".
https://www.theblock.co/post/298036/matter-labs-drops-zk-trademark-applications-following-backlash-from-leading-projects
https://x.com/the_matter_labs/status/1797343779189403825
The Notcoin (NOT) price has increased by ~70% in 24 hours.
FDV: $2.49B
https://dropstab.com/coins/notcoin
Tether co-founder Brock Pierce teases possible return to Hong Kong, says China will open to cryptocurrencies
https://www.scmp.com/tech/blockchain/article/3264679/tether-co-founder-brock-pierce-teases-possible-return-hong-kong-says-china-will-open
The Hong Kong SFC required license applicants to promise that they would not develop mainland Chinese users in any region of the world, which led to exchanges such as Binance ,OKX, HTX, Gate withdrawing their applications.
https://x.com/wublockchain/status/1796886069700628689
MANTRA launches RWA savings vault powered by Ondo’s USDY
▫️RWAs are coming on MANTRA
▫️ONDO’s USDY Vault, interest-bearing tokenized note, is launching on MANTRA
▫️Provides exposure to short-term US Treasuries
▫️ONDO’s USDY vault is sitting at 450mn TVL
https://mantrachain.medium.com/mantra-launches-rwa-savings-vault-powered-by-ondos-usdy-3b12d96d81c2
https://x.com/mantra_chain/status/1796619519030358462
U.S. President Joe Biden vetoed a bill to overturn a controversial Securities and Exchange Commission bulletin, SAB 121, establishing accounting standards for firms that custody crypto.
https://www.theblock.co/post/297885/biden-vetoes-bill-overturning-sab-121-says-standard-necessary-for-crypto-innovation
Uniswap Foundation delays vote for token staking and delegation rewards.
https://x.com/UniswapFND/status/1796590521072119927
https://www.theblock.co/post/297879/uniswap-foundation-delays-vote-for-token-staking-and-delegation-rewards-uni-falls-8-7
Injective has shared the brand new Ninja Masters Referral Program
Ambassadors can now earn rewards by inviting new members and earn more rewards when their referees invite others.
https://injective.xyz/ambassador_referral
https://x.com/injective/status/1796554653330530567
After the Notcoin delayed deposit incident, several executives of Bybit "voluntarily resigned" and publicly recruited new technical and spot managers, according to an internal letter to all employees.
https://x.com/wublockchain/status/1796477324961231207
💧Current state of the market in our weekly overview
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Aethir announces ecosystem partners airdrop to Aethir node holders
APhone, CARV, Delabs Games, io.net, Rivalz Network, Zero1 Labs are all conducting airdrops to Aethir Checker Node holders.
https://www.aethir.com/blog-posts/exciting-partnerships-with-aethir-numerous-airdrops-coming-to-our-nodes
A New York jury found Donald Trump guilty on all 34 felony counts of falsifying business records.
https://www.nbcnews.com/politics/donald-trump/donald-trump-verdict-hush-money-trial-rcna152492
SEC told spot Ethereum ETF issuers to get first round of draft S-1 forms in by Friday.
https://www.theblock.co/post/297699/sec-told-spot-ethereum-etf-issuers-to-get-first-round-of-draft-s-1-forms-in-by-friday-sources
A16z donates additional $25 million to pro-crypto political committee Fairshake.
A16z and Ripple have now each plowed nearly $50 million into the industry's shared Fairshake PAC.
https://www.coindesk.com/policy/2024/05/30/a16z-boosts-cryptos-election-fund-by-another-25m-to-seek-friendly-congress/
The crypto market is neutral
BTC Dominance - 52.37%
Market Cap - $2.57T
BTC - $68,434.24 (+0.99%)
ETH - $3,799 (-0.26%)
BNB - $607.4 (+0.6%)
ARB - $1.12 (-0.67%)
ONDO - $1.41 (+1.93%)
STRK - $1.23 (+3.38%)
W - $0.653 (+5.17%)
https://dropstab.com
U.S. Senator in Texas Ted Cruz bought 3 Bitcoin miners
https://x.com/tedcruz/status/1796660168781955314
Velocore, DEX on zkSync and Linea, hacked for 1,807 ETH (~$6.8m)
https://x.com/velocorexyz/status/1797102058157539839
The crypto market is neutral
BTC Dominance - 52.11%
Market Cap - $2.56T
BTC - 67,802.59$ (+0.12%)
ETH - 3,806.48$ (+0.87%)
BNB - 603.7$ (+1.47%)
ARB - 1.13$ (+0.46%)
STRK - 1.18$ (+1.32%)
W - 0.616$ (+3.46%)
https://dropstab.com
Kyber Network has updated its product roadmap for 2024 – 2025
The roadmap is divided on 3 distinct components of Kyber Network Ecosystem, namely:
1. KyberSwap API
2. KyberSwap.com
3. KyberDAO (KNC)
https://blog.kyberswap.com/kyber-network-product-roadmap-2024-2025/
Franklin Templeton, VanEck and Invesco Galaxy file amended S-1 for spot Ethereum ETFs.
https://www.theblock.co/post/297892/franklin-templeton-files-amended-s-1-for-spot-ethereum-etf-lists-0-19-fee
Binance’s founder Changpeng Zhao has reported to a low-security federal prison in Lompoc, California.
https://www.cnbc.com/2024/05/31/binances-ex-ceo-changpeng-zhao-begins-prison-sentence-in-southern-california.html
The crypto market is neutral
BTC Dominance - 52.23%
Market Cap - $2.55T
BTC - 67,710$ (-1.34%)
ETH - 3,778.99$ (+0.38%)
BNB - 595.3$ (+0.14%)
ARB - 1.12$ (-0.97%)
STRK - 1.17$ (-1.69%)
W - 0.596$ (+4.26%)
https://dropstab.com
Japanese Crypto Exchange DMM Bitcoin Suffers $305M Hack
4,502.9 BTC ($305 million) was stolen from the exchange.
DMM Bitcoin said it will guarantee the full amount stolen.
All spot buys have been temporarily restricted and customers withdrawing yen may face delays.
The BTC price is trading at $67.3k.
https://www.coindesk.com/business/2024/05/31/japanese-crypto-exchange-dmm-bitcoin-suffers-305m-hack/
💧 Top Funding Rounds in May
👉 https://dropstab.com/insights/latest-fundraising-rounds
Upbit will list BEAM.
The BEAM price has increased by 30%.
https://upbit.com/service_center/notice
XION has introduced EarnOS
EarnOS is a two-sided marketplace that pairs advertisers with potential customers.
EarnOS is focused on mainstream brand and consumer adoption of Web3 by solving real enterprise advertising problems.
Starting today, brands such as Uber, Baskin Robbins, Sunglass Hut, and The North Face can acquire, reward and engage global customers powered by Chain Abstraction.
https://x.com/burnt_xion/status/1796184851877372084
https://xion.earnos.io
A Pudgy Penguins-themed mobile game will be soft-launched in 2025
Pudgy Penguins’ IP is partnering with game studio Mythical Games to develop a virtual world.
The AAA game will be built on Mythos Chain, a Polkadot-based network.
https://www.theblock.co/post/297726/pudgy-penguins-to-release-mobile-game-in-2025
Babylon has completed a $70M raise led by Paradigm to advance trustless Bitcoin staking.
Investors: Polychain Capital, Bullish, Hashkey, Mantle, Galaxy, and others.
https://x.com/babylon_chain/status/1796171723471258091
The crypto market is neutral
BTC Dominance - 52.52%
Market Cap - $2.57T
BTC - 68,620$ (+0.85%)
ETH - 3,763.6$ (-0.62%)
BNB - 594.3$ (-0.48%)
ARB - 1.13$ (-1.33%)
STRK - 1.19$ (-2.99%)
W - 0.57$ (-4.26%)
STG - 0.7168$ (+44.86%)
https://dropstab.com